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Pelangio Exploration Inc V.PX

Alternate Symbol(s):  PGXPF

Pelangio Exploration Inc. acquires and explores prospective land packages located in gold belts in Ghana, West Africa and Canada. In Ghana, the Company is focused on its two 100% owned camp-sized properties: the 100 square kilometers Manfo property, the site of eight near-surface gold discoveries, and the 284 square kilometers Obuasi property, located four kilometers (km) on strike and adjacent to AngloGold Ashanti's high-grade Obuasi Mine, as well as the Dankran property located adjacent to its Obuasi property. The Manfo project is located in the Sefwi-Bibiani greenstone belts of the Paleoproterozoic Birimian of southwest Ghana, about 15 km southeast of Newmont's Ahafo gold mine. The Dankran project covers an area of approximately 34.65 square kilometers contiguous to the northeastern corner of its Obuasi project. Its Canadian properties include Gowan Property, Grenfell Property, Kenogaming Property, Hailstone Property, Birch Lake Property, and Poirier Gold Property, and others.


TSXV:PX - Post by User

Bullboard Posts
Comment by siboon Oct 10, 2009 3:05pm
625 Views
Post# 16379835

RE: Why the jump? Perhaps Ghana

RE: Why the jump? Perhaps GhanaI think you are right.  It is Ghana.

Drilling on strike to the massive Ashanti gold deposit, one of the greatest size and highest grade in the world, is a good bet at anytime.  And, their property directly abuts the Ashanti.

A close look at the PX homepage animation and their Sept 03 news makes it impossible to ignore this stock because  If it hits in this drilling program we're looking at 3 figure pricing.  The fact they've traced the Ashanti structure well into the property with geophysics and have found some surface expressions is highly prophetic.  The probabilities of something very big, compared to their other properties, appears extraordinarily high.
Bullboard Posts